Lender Processing Services Bearish Moving Average Crossover Alert (LPS)

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Lender Processing Services Bearish Moving Average Crossover Alert (LPS)

Lender Processing Services Bearish Moving Average Crossover Alert (LPS)

Lender Processing Services Bearish Moving Average Crossover Alert (LPS)

Written on Wed, 04/14/2010 – 14:36

Today, shares of Lender Processing Services (NYSE:LPS) have crossed bearishly below their 10-day moving average of $37.26 on volume of 417 thousand shares.
This may provide swing traders with an opportunity for a short position as such a crossover often suggests lower prices in the near term. Watch for a close below this moving average level for confirmation.
SmarTrend issued a Downtrend Alert for Lender Processing Services on March 31, 2010 at $38.26. In approximately 2 weeks, Lender Processing Services has returned 3.4% as of today’s recent price of $36.97.
We will continue to monitor LPS’s share price relative to this moving average.

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